Hot Dogs and Sausages Market Expanding at a CAGR of 3.1% from 2015 to 2021

Transparency Market Research has recently published a research report that offers a comprehensive overview of the global hot dogs and sausages market. The research report, titled “Global Hot Dogs and Sausages Market - Industry Analysis, Size, Share, Trends and Forecast 2015 - 2021,” details the market, its trends, dynamics, historical data, and its expected trajectory in the coming years. The report is complete with a SWOT analysis and Porter’s five forces analysis to help its readers formulate business strategies to maximize their gains.

According to the research report, the global hot dogs and sausages market was valued at US$64.7 bn in 2014 and is expected to reach a figure of US$80.4 bn in 2021, expanding at a CAGR of 3.1% from 2015 to 2021. Volume-wise, the global hot dogs and sausages market registered a sale of 5,664.7 mn kg in 2014 and is anticipated to reach 6,443.6 mn kg by 2021, moving steadily at a modest CAGR of 1.8% during the forecast period. The prime growth drivers for the global hot dogs and sausages are the increasing households with kids, rising popularity of hot dogs and sausages amongst younger consumers, and increasingly hectic lifestyles, which do not leave much room for elaborate cooking.

This market is also being driven by rampant urbanization, introduction of new flavors, interesting packaging methods, and the wide range of convenient products. Research shows that the demand for these products is seasonal to a large extent. For instance, summers register a higher demand for dinner sausages, while the holiday months witness a surge in the demand for breakfast sausages. Furthermore, the huge demand for hygienic, low-calorie, and low-fat food is fueling the global hot dogs and sausages market.

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The global hot dogs and sausages market has been segmented on the basis of meat, product, and geography. The types of meat in this market are pork, chicken, beef, and others. The products sold in this market are refrigerated breakfast sausages, frozen hot dogs and sausages, refrigerated dinner sausages, refrigerated hot dogs, cocktail sausages, and others. Geographically, the global hot dogs and sausages market is segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe.

Some of the key companies studied in this research report are Johnsonville Sausage LLC, Bar-S Foods Company, ConAgra Foods Inc., and Bob Evans Farms Inc. The research report offers a detailed explanation of the competitive landscape of the global hot dogs and sausages market, along with sharing statistics pertaining to the financial overview of the companies, their research and development activities, business and marketing strategies, investment plans, and strategic mergers and acquisitions.

Global hot dogs and sausages market is segmented on the following basis:

Global Hot Dogs and Sausages Market by Meat Type

• Pork
• Beef
• Chicken
• Others

Global Hot Dogs and Sausages by Product Type

• Frozen Hot Dogs and Sausages
• Refrigerated Breakfast Sausages
• Refrigerated Dinner Sausages
• Refrigerated Hot Dogs
• Cocktail Sausages
• Others

Global Hot Dogs and Sausages Market by Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America